I'm thinking no, but need to substantiate it. I realize the "I" stands for "Individual" but we have a branch asking. Thanks!

https://www.law.cornell.edu/uscode/text/26/408



However, it has been my experience that if the "I stands for Individual" explanation does not register then nothing you say will change the mind of the person "asking" to do this. I suspect they are trying to set up a "self directed IRA" without coming out and saying it, which is a whole other can of worms you want nothing to do with.

"In a DBA?"

As noted, an IRA is an account owned by an individual. The concept of "doing business as" simply has no application here. I have no idea what your customer is trying to accomplish and seriously doubt that he does either.

The account should be titled in the name of the individual with no other verbiage other than that indicating it is an IRA, and, perhaps, that your bank holds it as a fiduciary.

Thank you - that's what I had thought but it helps to have the expert gurus weigh in!

If they press the issue and need a more detailed explanation as to why an IRA cannot "be in a DBA" feel free to ask here and I'll provide that information.